"Fast 50 puts the spotlight on remarkable companies that are sustainable in a challenging economic climate thanks to their courage and entrepreneurship. I strongly encourage all Icelandic technology companies to enter the 2017 competition."

Sigurdur Pall Hauksson, Managing Partner Deloitte Iceland.

Fast 50 initiative

One of the most respected benchmarks of fast-growing technology companies. The program ranks technology, media, telecommunications, life sciences, and clean technology companies based on fiscal year revenue growth, and spans the globe with a presence in North America (United States and Canada), Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC).

The Fast 50 Program was first launched in the US in 1995 and since then Deloitte Member Firms around the world have joined the program, which covers approx. 40 countries. Iceland kicked-off its participation in 2015, in collaboration with Federation of Iceland Industries, the Association of Women Business Leaders in Iceland and Innovation Center Iceland. In total 9 Icelandic Fast 50 companies have reached the EMEA Fast 500 list, there of 2 in the top 50 ranking and 4 in the top 150.

Companies that have been active in the technology sector for more than four years and had a turnover last year of at least EUR 800.000 and EUR 50.000 in 2013 can participate in the Fast 50 Program. Participation is free of charge. Since 2015, approx. 30 companies have registered to the Fast 50 program in Iceland. In 2015 the Fast 50 winner was Thula Nordic Source Solutions and in 2016 it was AppDynamic.

The Fast 50 program in Iceland is also supported by Eyrir Invest, Frumtak, Investa and NSA Ventures.

„Our growth over these past years is due constant innovation and a lot of hard work, making AppDynamic a pioneer in screen projection technology. Our focus is of course is mainly abroad where we face fierce competition from huge international companies like Google, Apple and Microsoft. This Fast 50 award is a recognition of our success which helps us create deeper strategic partnerships and new revenue streams for the company“

Pratik Kumar, Founder and CEO of App Dynamic

„Our participation in the Fast 50 program has opened a lot of doors and paved our way into new markets. Simply said the 2015 results put us on the map of potential investors and partners. Thula has attracted positive media coverage and our brand image as a reliable software producer has strengthened in Iceland and abroad.“

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